You are here

ALROSA Jan-Aug Rough Sales $3.3B; Sees Moderate Growth For 2018

ALROSA reported that it sold rough diamonds worth $283.2 million in August this year. It also sold $11.7 million in polished, achieving a total of $294.9 million in sales for the month — a 14 percent growth in a year-on-year comparison.

The Russian miner said its rough diamond sales total for January-August 2018 stood at $3.26 billion, while it also sold $67 million in polished over the period.

“Despite the traditional August market slowdown, sales of both rough and polished diamonds were much higher than a year before. Positive trends in diamond jewellery sales, observed since the beginning of the year, have contributed to stable demand for almost the entire range of our products, especially for high-price rough diamonds,” said ALROSA Deputy CEO for Sales Yury Okoemov.

He added, “Basically, we maintain a moderately positive outlook for the growth of the rough and polished diamond market in 2018. In the medium term, rough diamond sales will be supported by the growing demand for diamond jewellery in the main jewelry consuming countries — the US, China and India.”

Leave a Comment